The new company, Naviq Technology, will pioneer AI-led transformation in the global aviation, cruise, hospitality, logistics, and online travel industries.

DUBAI, UAE, July 9, 2026 /PRNewswire/ — IBS Group today announced the launch of Naviq Technology, a new vertical AI company purpose-built for the global travel industry. The launch marks a major milestone in the Group’s long-term strategy to achieve leadership in the travel tech industry worldwide.

Naviq will leverage the deep travel industry expertise of IBS Software with AI-first innovations to help customers transform their business by improving operational efficiency, personalising end-user experiences, and unlocking new revenue opportunities. Naviq will operate independently from its affiliate companies within the IBS Group.

IBS Group is uniquely positioned to deliver significant value to its travel clients by combining its decades-long domain expertise with the potential of AI to magnify business outcomes. This is the rationale behind the formation of Naviq.

Naviq will partner with leading global airlines, airports, cruise lines, vacation providers, and hospitality groups to lead large business transformations, modernise operations, adopt AI at scale to create new revenue streams, and shorten time-to-value.

Naviq will start operations from today, with 16 offices across the globe already established. The new company will operate as an independent business entity complementing and leveraging IBS Software’s global customer network and experience in the travel industry. Naviq is designed to attract a new generation of travel technology talent from all over the world – AI researchers, data scientists, and subject matter specialists – providing them a unique opportunity to work at the intersection of travel domain technology and applied AI.

“The global travel industry is at a turning point, with organisations seeking smarter ways to operate and future-proof their businesses. Naviq gives the market something it has not had before: a technology and consulting company that understands the complexities of global travel, anticipates industry challenges, and offers transformative solutions at scale using specialised AI tools. Backed by IBS Software’s deep expertise in travel technology, Naviq will help travel achieve greater agility, efficiency and growth, and open new revenue streams,” said V. K. Mathews, Founder and Executive Chairman of IBS Group.

Naviq’s focus will be on areas where the travel industry will see the biggest investment in the coming years – AI adoption at scale, customer experience transformation, and data as the fabric for intelligent operations. Its delivery model will make implementations faster and reduce the time to value. For IBS Software clients, Naviq serves as the preferred implementation and transformation partner.

Naviq’s business plan envisages rapid growth from its 16 centres worldwide, with headcount growing to over 5,000 high-tech professionals in the next five years. IBS Group will invest significantly over the next five years to augment capabilities and grow the business.

“Naviq reflects a clear structural shift in how travel technology services are delivered, pairing deep industry expertise with an AI-first model built for speed and commercial impact,” said Jason Wright, Partner at Apax Partners, an investor in the venture. “As organisations move beyond experimentation, there is growing pressure to turn AI into tangible business results at scale. Naviq is designed to meet that need, giving travel companies a more focused, flexible partner to drive growth and long-term performance.”

About Naviq Technology

Naviq is an AI-first vertical technology transformation company purpose-built for the travel industry. We help travel enterprises modernise platforms, simplify complex systems, and create seamless digital experiences that make every journey more joyful.

Our mission is to co‑pilot a digital future for travel by building smart, intuitive systems that help our customers grow and unlock new opportunities.

From airlines, airports, cruise lines, vacation providers, and hospitality groups, we combine deep travel domain expertise with strong engineering capabilities, turning disconnected systems into unified launch pads for accelerated growth. Our teams work side by side with customer teams to strengthen operations, improve performance, and deliver measurable outcomes at every touchpoint, so organisations can move faster with confidence and clarity.

For media enquiries, please email: CorpComm@ibsplc.com

Further information can be found at https://naviqplc.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ibs-group-launches-naviq-an-ai-first-technology-company-for-the-travel-sector-302821696.html

SOURCE Naviq Technology

QINGDAO, China, July 9, 2026 /PRNewswire/ — On July 8, the 2026 Qingdao Venture Capital Conference concluded successfully at the Qingdao International Conference Center. Held under the theme “Empowering New Quality Productive Forces, Shaping a Shared Industrial Future: VC/PE Opportunities under the 15th Five-Year Plan,” the event brought together over a hundred government officials, investors from leading financial institutions and venture capital firms, entrepreneurs, and renowned scholars to discuss how long-term capital can accelerate technological innovation and industrial transformation in the opening year of China’s 15th Five-Year Plan.

Hosted by the Qingdao Municipal People’s Government, co-organized by the Office of the Financial Affairs Commission of the CPC Qingdao Municipal Committee and the Qingdao Municipal Finance Bureau, and co-sponsored by China Bridge, the one-day conference adopted a format of one plenary forum and five parallel forums, covering topics such as capital’s role in empowering new quality productive forces, blue finance, future industry ecosystems, asset revitalization, cross-border financial cooperation, and a sci-tech innovation project roadshow — where ten startups spanning AI and embodied intelligence, integrated circuits, biopharmaceuticals, new energy and low-altitude economy presented directly to investors.

At the plenary forum, a series of major launches and strategic partnerships were announced. The Qingdao Fund Industry Development Alliance and Zhongtai Capital Equity Investment Management (Shandong) Co., Ltd. were officially unveiled, while the Qingdao Municipal Government signed strategic cooperation agreements with Shanghai Pudong Development Bank, Guotai Haitong Securities and Zhongtai Securities. The “Qingdao-Hong Kong Integration, Linking the World” initiative was also launched at the plenary, bringing together the international investment banking arms of China’s five major state-owned banks to support local technology companies in accessing global capital markets and channeling long-term capital into strategic emerging and future industries. Funds under Qingdao’s “10+1″ Innovative Industry System were also signed on site, further directing patient capital toward the city’s modern industrial system.

The event also marked the release of the China Venture Capital & Private Equity Annual White Paper (2026), offering an overview of global and domestic investment trends. According to the report, global venture capital investment reached US$301 billion in the first quarter of 2026 — the highest first-quarter total in five years — with artificial intelligence accounting for more than 80% of total funding. In China, new-generation information technology, advanced manufacturing and healthcare remained the top three sectors by investment amount in H1 2026, while AI, robotics, semiconductors and integrated circuits emerged as the sub-sectors most favored by capital. The report noted that the global shift toward hard technology and the real economy is creating new opportunities for innovation-driven cities, with Qingdao’s strengths in marine technology providing a solid foundation for its future growth.

Sun Ximin, Vice Governor of Shandong Province; Ren Gang, Deputy Secretary of the CPC Qingdao Municipal Committee and Mayor of Qingdao; and Gao Tianhong, Party Committee Member and Vice President of the Asset Management Association of China (AMAC), delivered remarks at the conference. The event also featured keynote speeches by Liu Shijin, Chief Chinese Advisor of China Council for International Cooperation on Environment and Development and former Deputy Director of the Development Research Center of the State Council; Wang Zhongmin, former Vice Chairman of the National Council for Social Security Fund; and Wu Xiaoqiu, former Vice President of Renmin University of China and Dean of the National Academy of Financial Research.

Since its launch in 2019, the Qingdao Venture Capital Conference has evolved into one of China’s leading platforms for venture capital and private equity cooperation. As China embarks on its 15th Five-Year Plan, this year’s conference further underscores Qingdao’s commitment to attracting long-term capital, deepening the integration of technology, industry and finance, fostering a world-class innovation ecosystem, and strengthening its position as a leading hub for innovation-driven development.

View original content to download multimedia:https://www.prnewswire.com/news-releases/2026-qingdao-venture-capital-conference-positions-qingdao-at-the-forefront-of-innovation-financeempowering-new-quality-productive-forces-shaping-a-shared-industrial-future-302821697.html

SOURCE 2026 Qingdao Venture Capital Conference

MATSUSAKA, Japan, July 9, 2026 /PRNewswire/ — SINEXCEL (300693.SZ) announced that its first battery energy storage project to enter Japan’s frequency regulation market officially began market trading in June. Located in Matsusaka, Mie Prefecture, the 2 MW/8 MWh system marks a significant milestone in the company’s participation in Japan’s rapidly evolving energy storage market.

Advancing into Japan’s Frequency Regulation Market

Japan’s frequency regulation market is known for its stringent technical and operational requirements for battery energy storage systems, including performance, response speed, reliability, and system integration capabilities. Before entering commercial operation, the Matsusaka project successfully completed grid connection, system commissioning, market qualification, and trading registration.

Delivered in collaboration with local partners, the project was developed to meet all applicable market requirements and support stable participation in frequency regulation services, demonstrating the readiness of SINEXCEL’s energy storage solutions for one of the world’s most demanding power markets.

1375kW PCS Adapted to Japan’s Grid Requirements

The project incorporates two SINEXCEL 1375 kW PCS units within a 2 MW/8 MWh battery energy storage system. Designed to meet Japan’s stringent grid connection and power quality requirements, the PCS delivers fast response, precise power control, and reliable grid support capabilities essential for frequency regulation services.

Strengthening Local Presence in Japan

SINEXCEL has been active in Japan for more than five years, starting from 30 kW and 500 kW PCS applications and gradually expanding into utility-scale energy storage deployments.

Today, SINEXCEL has participated in 60+ utility-scale energy storage projects across Japan. Through collaboration with multiple major regional power utilities and integration with 10+ local EMS platforms, the company has established a strong foundation for supporting grid-scale energy storage applications across the Japanese market.

To support continued growth, SINEXCEL has completed the legal registration of its Japan subsidiary in Tokyo. The company has established a local spare-parts warehouse and built a Japan-based sales, pre-sales, and after-sales service team to provide responsive support throughout the project lifecycle.

Globally, SINEXCEL has deployed more than 17GW of energy storage capacity across over 5,000 projects and works with more than 600 partners in 60+ countries and regions.

About SINEXCEL

Founded in 2007, SINEXCEL is a pioneer in energy storage, EV charging, and power quality solutions. With 17GW of installed storage, 200,000 EV DC chargers, and nearly 20 million amperes of Active Harmonic Filter deployed, SINEXCEL partners with industry leaders to empower energy freedom.

Contact: melody_yu@sinexcel.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/sinexcels-first-project-to-enter-japans-frequency-regulation-market-officially-begins-market-trading-302821709.html

SOURCE SINEXCEL